CHINA Investment Corp on Friday said the Sino-US trade war has made it more cautious about investing in the United States, after the Chinese sovereign wealth fund posted a dive in yearly profit.
The trade war"is making us more cautious about investing in the US", CIC president Ju Weimin said in Beijing. The fund"will not pose a threat to the countries it invests in, we insist on legal compliance", he said, adding that the wealth fund will reduce the riskiest assets in its portfolio, and seek opportunities in industries such as manufacturing, technology, telecommunications and healthcare.
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